Arm Holdings plc (NASDAQ:ARM) Shares Bought by Blue Trust Inc.

Blue Trust Inc. lifted its position in shares of Arm Holdings plc (NASDAQ:ARM) by 15.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,694 shares of the company’s stock after buying an additional 231 shares during the period. Blue Trust Inc.’s holdings in ARM were worth $209,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in ARM. Creative Planning increased its holdings in shares of ARM by 20.2% during the 3rd quarter. Creative Planning now owns 37,982 shares of the company’s stock worth $5,432,000 after buying an additional 6,381 shares during the last quarter. Raymond James & Associates increased its holdings in shares of ARM by 16.4% during the 3rd quarter. Raymond James & Associates now owns 151,744 shares of the company’s stock worth $21,701,000 after buying an additional 21,360 shares during the last quarter. Trilogy Capital Inc. acquired a new stake in shares of ARM during the 3rd quarter worth $211,000. Aquila Investment Management LLC increased its holdings in shares of ARM by 14.3% during the 3rd quarter. Aquila Investment Management LLC now owns 24,000 shares of the company’s stock worth $3,432,000 after buying an additional 3,000 shares during the last quarter. Finally, Global X Japan Co. Ltd. acquired a new stake in shares of ARM during the 3rd quarter worth $1,714,000. 7.53% of the stock is currently owned by institutional investors and hedge funds.

ARM Stock Performance

Shares of ARM stock opened at $154.36 on Thursday. Arm Holdings plc has a one year low of $85.61 and a one year high of $188.75. The company’s 50-day simple moving average is $147.73 and its 200-day simple moving average is $140.91. The stock has a market capitalization of $161.74 billion, a price-to-earnings ratio of 203.11, a PEG ratio of 6.98 and a beta of 4.57.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on ARM shares. Loop Capital upped their price objective on ARM from $180.00 to $195.00 and gave the stock a “buy” rating in a report on Monday, February 10th. Jefferies Financial Group upped their price target on shares of ARM from $170.00 to $195.00 and gave the stock a “buy” rating in a research report on Thursday, February 6th. Citigroup upped their price target on shares of ARM from $170.00 to $200.00 and gave the stock a “buy” rating in a research report on Thursday, February 6th. Rosenblatt Securities upped their price target on shares of ARM from $180.00 to $225.00 and gave the stock a “buy” rating in a research report on Thursday, February 6th. Finally, Mizuho upped their price target on shares of ARM from $160.00 to $180.00 and gave the stock an “outperform” rating in a research report on Thursday, February 6th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating, nineteen have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $162.83.

ARM Company Profile

Arm Holdings Plc engages in the licensing, marketing, research, and development of microprocessors, systems IP, graphics processing units, physical IP and associated systems IP, software, and tools. It operates through the following geographical segments: United Kingdom, United States, and Other Countries.